Ritholtz Wealth Management Sells 3,424 Shares of USA Truck, Inc. (NASDAQ:USAK)
Ritholtz Wealth Management cut its position in shares of USA Truck, Inc. (NASDAQ:USAK - Get Rating) by 30.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,648 shares of the transportation company's stock after selling 3,424 shares during the quarter. Ritholtz Wealth Management owned about 0.08% of USA Truck worth £240,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in USAK. Foundations Investment Advisors LLC purchased a new position in USA Truck during the second quarter valued at £474,000. Walleye Capital LLC purchased a new position in USA Truck during the first quarter valued at £264,000.
Royal Bank of Canada raised its stake in USA Truck by 32.5% during the first quarter. Royal Bank of Canada now owns 24,783 shares of the transportation company's stock valued at £510,000 after buying an additional 6,083 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in USA Truck during the first quarter valued at £237,000.
Finally, Goldman Sachs Group Inc. purchased a new position in USA Truck during the first quarter valued at £287,000.
75.34% of the stock is currently owned by institutional investors.
USA Truck Price Performance
USAK stock opened at £31.71 on Wednesday. USA Truck, Inc. has a 1-year low of £28.00 and a 1-year high of £58.18. The business has a fifty day moving average price of £31.37 and a 200-day moving average price of £23.88.
The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 1.21. The stock has a market capitalization of £286.47 million, a P/E ratio of 8.57 and a beta of 1.08.
Analyst Ratings ChangesSeparately, StockNews.com assumed coverage on USA Truck in a research note on Tuesday. They set a "hold" rating for the company.
USA Truck Profile
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services.
The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.
Receive News & Ratings for USA Truck Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck and related companies with MarketBeat.com's FREE daily email newsletter.